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Latest Business News

Boeing Confident It Can Catch Up to Airbus

Friday, July 15, 2005 4:46:20 AM
By GILLIAN WONG

SINGAPORE (AP) - With its sales lagging behind Airbus, Boeing Co. is confident its newest 777 model will help it catch up to its archrival in the high-stakes battle for long-range jet supremacy.

The new 777-200LR Worldliner is designed to compete directly with the popular Airbus 340-500, which has a flight range of 10,380 miles.

"Airbus had an advantage to sell that kind of airplane without any competitor at the time," Lars Anderson, vice president of Boeing's 777 program, said Friday, while on a 20-city tour around the world pitching the new jet.


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